Kansas City Fed's Schmid shows hesitation about widely expected September rate cut

Kansas City Fed's Schmid shows hesitation about widely expected September rate cut

The policymaker pushed back on market pricing that points strongly to the FOMC lowering its key borrowing rate next month.

Divisions Grow Inside Fed Ahead of Decision on September Rate Cut

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Fed’s Collins signals openness to rate cut as soon as next month

Federal Reserve (Fed) Bank of Boston President Susan Collins signaled openness to a rate cut as soon as Septemebr, citing tariff pressures and potential labor market weakness despite near-term inflation risks, the Wall Street Journal reported on late Thursday.

Dollar Moves Higher on Hawkish Fed Comments

The dollar index (DXY00 ) on Thursday rose by +0.41% and posted at a 1.5-week high. The dollar garnered support from hawkish Fed comments. Kansas City Fed President Jeffrey Schmid said “modestly restrictive” monetary policy is still appropriate due to inflation risks. Meanwhile, Cleveland Fed President Beth Hammack said she...

Kansas City Fed’s Schmid shows hesitation about widely expected September rate cut

Kansas City Federal Reserve President Jeffrey Schmid expressed doubt about lowering interest rates in September, saying policymakers still have more work to do on inflation.Speaking to CNBC from the Fed's annual symposium in Jackson Hole, Wyo., Schmid pushed back on market pricing that points strongly to the Federal Open Market Committee lowering its key borrowing…